India jobs

The buoyancy witnessed will also translate positively on the job creation front and, in fact, around 11.5 lakh new jobs will be created in the formal sector, Chakraborty said quoting 'Employment Outlook' report.

Denying the reports of a downturn in employment in the country`s IT industry, Electronics and Information Technology Minister Ravi Shankar Prasad on Tuesday said in the coming four to five years, almost 20-25 lakh additional jobs will be created in the sector.

India needs to "celebrate" success stories of "heroes" like Dhirubhai Ambani and NR Narayana Murthy who have created wealth for the country and jobs for millions, former Infosys executive TV Mohandas Pai said on Tuesday.

Automation threatens 69 percent of the jobs in India and 77 percent in China, according to a World Bank research which says technology could "fundamentally disrupt" the pattern of traditional economic path in developing countries.

India is the most optimistic country globally in terms of hiring plans for the next three months, however there is some sign of "increased caution" among employers amid global slowdown and impact of automation in the IT sector, says a survey.

More employees in India are satisfied with their working conditions compared to their peers in Asia-Pacific and a significant majority of workforce in the country expects a promotion in the next 12 months.